1) The markets are about to roll-over and dump 15-20%... 2) Unemployment is about to start climbing... back above 9% by end of summer. 3) Fed will dump another $1 Trillion+ in the near term... 4) Au & Ag will start a 15% & 25% run-up in the next 30 days or so.
sonya, I'll speak to you. I've never really been able to strike up a dialogue with anyone else on this board. The gap needs to fill @6.24. IMO, only then can a bottom be in. The descending channel bottom is now under the gap fill and falling to meet a rising trendline. Probably happening around 6.04 or 6.05. I would guess that is bottom. The healthiest thing SVM can do is just flush it out and set itself free. It just is what it is.
Me thinks the odd-Lotte's will bail tomorrow with the daily naked short manipulation . My guess is the bottom will be around 12:30 PM . I have a voice in my head that keeps saying "earnings , earnings " - When are they due ??